China, the world’s largest greenhouse-gas emitter, probably won’t import carbon credits for two decades as global diplomats craft a new emissions market that will increase supply, the nation’s climate negotiator said.
Carbon-market supporters from China to California will push for emissions trading even as they prepare for the end of the United Nations Kyoto Protocol in seven years, Europe’s top climate negotiator said.
China said it’s “very crucial” for developed nations to provide a roadmap sketching out how they’ll reach a target of providing $100 billion a year in aid for climate projects, the nation’s envoy at UN talks said.
European Union plans to impose curbs on carbon-dioxide emissions by international airlines as of 2012 drew fire from countries including China, Venezuela and Japan, marking a new stumbling block at the climate summit this week.
China teamed with the European Union and envoys from the bloc of 48 Least Developed Countries to dial back expectations for United Nations climate talks, indicating that there probably aren’t any new promises for aid or cuts in greenhouse gases on the horizon.